Statistics
You go to a local pharmacy and obtain a simple random sample of the costs of n = 10 individuals from a population most recent prescription price – it is skewed right with mean μ = $225, s = $25.
a. The shape of the sampling distribution of the sample mean is approximately normal. Is this true or false? Why?
b. What is the mean of the sampling distribution of the sample mean?
c. What is the standard deviation of the sampling distribution of the sample mean?
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